EPlus third-quarter earnings rise

NEW YORK (MarketWatch) -- EPlus Inc.
PLUS, +2.39%
on Monday posted third-quarter net earnings of $1.6 million, or 17 cents a share, compared to $1.2 million, or 14 cents a share, in the year ago period. Revenue rose 10% to $163.1 million. During the quarter, The company spent $1.6 million on legal fees related to its patent infringement lawsuit. The impact to earnings per share was about 11 cents. Legal expenses are expected to continue at the same or greater levels until the matter is resolved. Analysts, on average, were expecting the company to post a profit of 13 cents a share on revenue of $166.2 million, according to Thomson First Call.

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